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... permitted under the law, to interfere with the pricing of insurance products. But we have a duty under the Insurance Companies Ordinance to ensure the long term stability of the insurance industry and protect the interest of policyholders. Wide fluctuation of premium is certainly not in the interest of...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/ilens16.pdf - Date: 2021-09-01
... permitted under the law, to interfere with the pricing of insurance products. But we have a duty under the Insurance Companies Ordinance to ensure the long term stability of the insurance industry and protect the interest of policyholders. Wide fluctuation of premium is certainly not in the interest of...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/ilens16.pdf - Date: 2020-06-19
... claims, however, was not material when compared with the total life insurance benefits of HK$ 11,525 million paid in the first half of 2003. As for the non-life insurance, the more affected lines of business were employees’ compensation and business interruption insurance. The final total amount of these...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf - Date: 2020-09-28
... claims, however, was not material when compared with the total life insurance benefits of HK$ 11,525 million paid in the first half of 2003. As for the non-life insurance, the more affected lines of business were employees’ compensation and business interruption insurance. The final total amount of these...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf - Date: 2021-11-01
... claims, however, was not material when compared with the total life insurance benefits of HK$ 11,525 million paid in the first half of 2003. As for the non-life insurance, the more affected lines of business were employees’ compensation and business interruption insurance. The final total amount of these...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf - Date: 2021-09-01
... claims, however, was not material when compared with the total life insurance benefits of HK$ 11,525 million paid in the first half of 2003. As for the non-life insurance, the more affected lines of business were employees’ compensation and business interruption insurance. The final total amount of these...
https://www.ia.org.hk/english/supervision/int_dom_cooperation/files/text-ilens14.pdf - Date: 2020-06-19
... these heavy savings and investment elements can overshadow the actual insurance aspects, and at worst, can reduce the ability of the life insurance policy to hedge mortality risk. But why pay attention to mortality risk? Is understanding the mortality protection gap (“MPG”) that important? The MPG...
https://www.ia.org.hk/english/infocenter/files/Mortality_Protection_Gap_Report_eng.pdf - Date: 2021-12-14
... these heavy savings and investment elements can overshadow the actual insurance aspects, and at worst, can reduce the ability of the life insurance policy to hedge mortality risk. But why pay attention to mortality risk? Is understanding the mortality protection gap (“MPG”) that important? The MPG...
https://www.ia.org.hk/english/infocenter/files/Mortality_Protection_Gap_Report_eng.pdf - Date: 2022-05-24
... assets arising from the same lease agreement. 5. Professional indemnity insurance (1) A licensed insurance broker company must maintain a professional indemnity insurance policy that provides coverage for claims made against the company for liabilities arising from breaches of duty in the course of...
https://www.ia.org.hk/english/supervision/reg_ins_intermediaries/files/Insurance_FinancialandOtherRequirementsforLicensedInsuranceBrokerCompanies_Rules.pdf - Date: 2020-06-24